CREST INDUSTRIES ACQUIRES ASSETS OF CENTRAL INDUSTRIAL SUPPLY, INC
Crest Industries, LLC, the parent company of a family of world-class companies serving the energy, electric, petrochemical, industrial, and forestry industries, announced the acquisition of Central Industrial Supply, Inc., an industrial supply company based in Winnfield, Louisiana.
Central Industrial Supply is an industrial supply distributor primarily serving the pulp and plywood industries. Central has a solid reputation throughout the industry and generates over 90% of its revenue from repeat business. Crest Industries will continue Central’s operations in its Winnfield facility and will retain all current employees.
Kenneth Robison, CEO of Crest Industries, stated, "We are very excited to welcome Central Industrial Supply to the Crest family of companies. This acquisition will allow us to accelerate towards our 2020 vision and further expand and strengthen Crest Industries’ portfolio of services. For nearly 60 years, Crest Industries has built a reputation of quality service for our customers and career growth opportunities for our employees. Central Industrial Supply operations are a strong strategic and cultural fit for the Crest Industries family of companies and will contribute positively to our continued growth and performance."
Jack McLaren, President of Central Industrial Supply, commented, "We look forward to Central Industrial Supply coming under the umbrella of Crest Industries. We have spent decades building a successful business and now it is time for us to branch out and find synergies with other Crest companies. With Crest’s various business units and operations across the country, our opportunities for growth and diversification are outstanding. We are pleased that our operations and staff will be maintained in Winnfield, and we believe Crest will be a good steward of the Central Industrial Supply legacy."